PGIM Jennison U.S. Core Equity ETF (PJUS) Valuation
PJUS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.3 trailing earnings
- Forward P/E
- 18.7 analyst estimates
- Price / sales
- 3.48
- Price / book
- 5.06
- EV / EBITDA
- 16.8
- Earnings yield
- 4.29% inverse of P/E
- Dividend yield
- 1.10% of the holdings
- Return on equity
- 21.7% combined
- Net margin
- 14.9% combined
- Beta
- 1.15 weighted, vs S&P 500
PJUS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| PJUS | 23.3 | 18.7 | 3.48 | 5.06 | 1.10% | 21.7% | 14.9% | 1.2% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
PJUS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 35.4% | 30.3 | 22.1 | 9.06 | 13.44 | 0.56% | 44.3% |
| Financial Services | 11.6% | 13.2 | 11.6 | 2.29 | 1.73 | 2.22% | 13.1% |
| Communication Services | 11.4% | 18.2 | 20.1 | 5.98 | 5.95 | 0.60% | 32.6% |
| Industrials | 10.4% | 31.8 | 24.3 | 4.27 | 6.94 | 1.12% | 21.8% |
| Consumer Cyclical | 9.9% | 21.4 | 17.3 | 1.78 | 4.18 | 0.61% | 19.5% |
| Healthcare | 8.1% | 36.3 | 20.0 | 1.84 | 8.21 | 1.25% | 22.6% |
| Energy | 5.7% | 21.4 | 13.8 | 1.95 | 3.52 | 1.66% | 16.5% |
| Consumer Defensive | 2.6% | 24.2 | 21.6 | 1.50 | 8.61 | 2.61% | 35.6% |
| Real Estate | 1.6% | 17.4 | 18.0 | 9.43 | 2.34 | 5.48% | 13.4% |
| Utilities | 1.0% | 20.1 | 17.5 | 3.90 | 2.30 | 2.96% | 11.5% |
| Basic Materials | 0.4% | 35.1 | 16.5 | 2.52 | 1.28 | 1.84% | 3.7% |
PJUS earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How PJUS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
PJUS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 6.87% | 27.1 | 24.9 | 17.1 | 0.47% | 6.12% |
| AAPL | Apple Inc. | 6.83% | 39.4 | 35.2 | 10.7 | 0.31% | 4.17% |
| GOOGL | Alphabet Inc. | 6.28% | 17.1 | 22.8 | 9.3 | 0.26% | 8.85% |
| MSFT | Microsoft Corporation | 5.28% | 29.5 | 25.1 | 11.8 | 0.74% | 4.31% |
| AMZN | Amazon.com, Inc. | 3.91% | 20.1 | 23.6 | 3.5 | — | 4.68% |
| META | Meta Platforms, Inc. | 2.62% | 26.7 | 22.1 | 7.9 | 0.30% | 2.36% |
| MU | Micron Technology, Inc. | 2.25% | 11.8 | 7.0 | 7.5 | 0.07% | 4.58% |
| AVGO | Broadcom Inc. | 2.17% | 43.3 | 19.4 | 17.6 | 0.79% | 1.21% |
| JPM | JPMorgan Chase & Co. | 2.16% | 14.2 | 13.5 | 4.7 | 1.94% | 3.66% |
| LLY | Eli Lilly and Company | 2.02% | 42.2 | 24.4 | 14.1 | 0.55% | 1.15% |
| UNP | Union Pacific Corporation | 1.82% | 23.4 | 19.3 | 6.8 | 1.97% | 1.87% |
| AMD | Advanced Micro Devices, Inc. | 1.76% | 134.9 | 39.5 | 20.9 | — | 0.31% |
| RTX | RTX Corporation | 1.72% | 34.1 | 24.6 | 2.8 | 1.51% | 1.22% |
| BAC | Bank of America Corporation | 1.59% | 12.2 | 10.8 | 3.1 | 2.50% | 3.13% |
| MET | MetLife, Inc. | 1.58% | 19.3 | 10.5 | 0.8 | 2.35% | 1.98% |
| CSCO | Cisco Systems, Inc. | 1.57% | 32.2 | 19.8 | 6.7 | 1.56% | 1.17% |
| L3H | SHELL PLC WI ADR/2 | 1.44% | — | — | — | — | — |
| NFLX | Netflix, Inc. | 1.40% | 22.2 | 18.7 | 6.1 | — | 1.52% |
| UNH | UnitedHealth Group Incorporated | 1.39% | 25.8 | 16.6 | 0.8 | 2.31% | 1.30% |
| WMT | Walmart Inc. | 1.32% | 43.0 | 38.0 | 1.3 | 0.83% | 0.74% |
| PH | Parker-Hannifin Corporation | 1.26% | 33.8 | 27.5 | 5.7 | 0.83% | 0.90% |
| PEP | PepsiCo, Inc. | 1.25% | 16.5 | 14.9 | 1.8 | 4.50% | 1.82% |
| CAT | Caterpillar Inc. | 1.21% | 31.5 | 25.4 | 4.5 | 0.89% | 0.93% |
| UBER | Uber Technologies, Inc. | 1.18% | 15.4 | 15.9 | 2.6 | — | 1.85% |
| IBM | International Business Machines Corporation | 1.12% | 20.6 | 17.4 | 3.2 | 2.91% | 1.30% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About PJUS valuation
Adding up its 94 holdings with company data, PJUS trades at 23.3 times trailing earnings and 18.7 times analysts' forward estimates, with a price-to-book ratio of 5.06 and a dividend yield of 1.10%. Its earnings yield of 4.29% is 1.04 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 40.4% of the fund and earn 41.1% of its combined profit. By sector, Healthcare is the most expensive at 36.3 times earnings and Financial Services the cheapest at 13.2. Companies that lost money over the past year are 1.2% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 98.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: PJUS chart, PJUS holdings.
PJUS valuation FAQ
What is the P/E ratio of PJUS?
Based on its holdings, PJUS has a trailing P/E of 23.3 and a forward P/E of 18.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of PJUS?
The trailing earnings yield is 4.29% (1 ÷ P/E) and the forward earnings yield 5.35%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is PJUS more expensive than the S&P 500?
PJUS trades at 23.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.7 and 19.9.
What is the price-to-book ratio of PJUS?
The holdings of PJUS trade at 5.06 times book value, with a combined return on equity of 21.7%.
Which sector in PJUS has the highest P/E?
Healthcare has the highest P/E at 36.3 and Financial Services the lowest at 13.2.